Companies which have enjoyed Brexit success

By Nell Walker
As the world recovers from the UKs vote to leave the European Union, manufacturing has been in flux the world over – none more so than in Britain...

As the world recovers from the UK’s vote to leave the European Union, manufacturing has been in flux the world over – none more so than in Britain.

 

Now, Britain is experiencing a boost to its export orders, showing that the pound’s depreciation is supporting overseas demand.

In the same way that Poundland benefitted enormously from the 2008 recession, some businesses have done well out of Brexit. Here is our round-up of some of the post-referendum winners.

Primark

Associated British Foods, owner of Primark, stated earlier in the year that it fully expected ‘a marginal decline’ in profits if the UK voted to leave the EU. However, it has since been proven wrong, and is enjoying improved European sales. The company’s optimism has paid off, and profits continued to grow.

Pinewood Studios

The illustrious film studio just outside Slough, UK, creates movies for some of the world’s biggest franchises, such as James Bond and Star Wars. Thanks to Brexit, Pinewood’s services are made cheaper for foreign producers, making it an even more attractive prospect for film-making.

Rentokil

Rentokil is fortunate enough to earn 90 percent of its revenue from outside of the UK, and the company claims that if currency rates remain as they are, it will earn up to £15 million more than expected this year.

Rolls-Royce Holdings

Like Rentokil, Rolls-Royce Holdings does most of its business overseas – two thirds in fact – and shares are up two percent. A weaker pound will make its power systems for aeroplanes and ships cheaper internationally, which will in turn boost sales.

 

Follow @ManufacturingGL and @NellWalkerMG

Share

Featured Articles

ProGlove & topsystem Revolutionise Logistics Solutions

ProGlove & topsystem team up to elevate data capture in manufacturing. Pierre Mikaelsson, CPO at ProGlove, tells us more about innovations in automation

Car Manufacturers Urged to prioritise Inclusive Driving

Matthew Walker of ABC Mobility Group says car manufacturers must ensure disabled drivers’ independence is not compromised by new cybersecurity regulations

Digitising Supply Chains for Due Diligence & Trade

Brent Dawkins, Product Marketing Director at QAD, discusses digital due diligence & why manufacturers must prioritise compliance in today's trade landscape

GTK: IoT, Sustainability & Touchscreen Tech in Manufacturing

AI & Automation

Jabil: Insights on Sustainable Manufacturing Progress Report

Sustainability & ESG

The Impact of NCSA on Manufacturing & the Supply Chain

Procurement & Supply Chain